Alphabet Boosted by AI, Cloud Demand
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Google’s AI push pays off with solid second quarter, but doubts about company’s future persist
Google’s accelerating shift into artificial intelligence helped propel its corporate parent to another quarter of solid growth while a crackdown on its internet empire looms in the background.
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Analysts Hail Alphabet’s Cloud Surge, AI Push, Sparking Bullish Retail Buzz
Wall Street is convinced that Alphabet Inc.’s (GOOGL) (GOOG) rapid strides in cloud computing and artificial intelligence (AI) are reshaping its growth narrative. JPMorgan revised its price target on Alphabet shares to $232 from $200 while maintaining an ‘Overweight’ rating,
Alphabet CEO Sundar Pichai praises a standout Q2 driven by AI-powered growth across divisions, with Google Search and Cloud showing strong momentum and boosting revenue.
The addition of AI Overviews to Google Search may be one reason why that business continues to show strength. It brought in more than $54.19 billion in revenue during the quarter, representing a good chunk of its overall $71.34 billion in advertising revenue. That was up 10.5% from $64.61 billion in ad sales in the same period last year.
Alphabet Inc.'s Q2 highlights AI-driven growth and cloud profitability. Click for our updated look at GOOGL earnings and the initiatives that make it a Buy.
Alphabet Inc. (NASDAQ:GOOGL) ranks among the best magic formula stocks to invest in. Robby Stein, VP of Product at Google Search, announced that Alphabet Inc.
Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks on Analysts’ Radar Right Now. On July 21, Wolfe Research analyst Shweta Khajuria reiterated an “Outperform” rating on the stock with a $190.00 price target.
Alphabet Inc. reported strong second-quarter earnings, exceeding Wall Street's expectations with a 14 percent revenue increase to $96.4 billion. Driven by growth in advertising and cloud businesses, the company is investing heavily in AI infrastructure.
Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks Analysts Are Tracking Closely. On July 21, Evercore ISI reiterated an Outperform rating on the stock with a price target of $205.00.
Alphabet Inc.'s Sundar Pichai said his company will keep expanding its engineering ranks at least into 2026, stressing human talent remains key even as Google's parent ramps up AI investments.
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